Egypt, Oman Discuss Boosting Trade, Investment

Egypt, Oman Discuss Boosting Trade, Investment

Ever Given, one of the world's largest container ships, is seen after sailing through Suez Canal in Ismailia, Egypt August 20, 2021. Suez Canal Authority/Handout via Reuters

Egypt's Trade and Industry Minister Nevine Gamea underlined the importance of benefiting from the Omani market for Egyptian exports to access the Gulf Cooperation Council (GCC) countries and markets bound with Oman by free trade agreements.

Gamea met with Omani Trade and Industry Minister Qais bin Mohammed al-Yousef via video conference to boost trade, industrial, and investment cooperation between the two countries.

Yousef reiterated his country's hope to benefit from Egyptian expertise in the economic, trade, and investment domains. He underlined the importance of the Egyptian-Omani business council in boosting marketing and investment relations and achieving Oman's Vision 2040.

He stressed his country's keenness to benefit from Egyptian expertise in the e-commerce domain. He emphasized the importance of increasing joint investments within the coming period.

The minister pointed to the importance of increasing joint investments between the two countries during the next stage, especially since there are successful Egyptian investment experiences in Oman in tourism and retail trade.

According to a statement by the ministry, the Omani side invited the minister to visit Muscat during the first quarter of